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Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 6
Which of the following are short-run and which are long-run adjustments
a. Wendy's builds a new restaurant.
b. IBM hires 200 more software engineers.
c. A farmer increases the amount of fertilizer used on his corn crop.
d. An Alcoa aluminum plant adds a third shift of workers.
a. Wendy's builds a new restaurant.
b. IBM hires 200 more software engineers.
c. A farmer increases the amount of fertilizer used on his corn crop.
d. An Alcoa aluminum plant adds a third shift of workers.
Explanation
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(a) This is a long-run adjustm...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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